The Bangko Sentral ng Pilipinas (BSP) announced on Wednesday the establishment of a new sector that would manage the interplay of physical and digital money.

In a virtual briefing on Wednesday, BSP Governor Benjamin Diokno said the Payments and Currency Management Sector (PCMS) would be “responsible for maintaining the safety and integrity of the Philippine currency” and “ensure a well-functioning payment and cash ecosystem that supports [long-term] economic growth.”

Premium + Digital Edition

Ad-free access


P 80 per month
(billed annually at P 960)
  • Unlimited ad-free access to website articles
  • Limited offer: Subscribe today and get digital edition access for free (accessible with up to 3 devices)

TRY FREE FOR 14 DAYS
See details
See details